Living in Costa Rica is generally significantly cheaper than living in the United States, with overall costs typically being 30% to 50% lower depending on your lifestyle and location. According to 2026 data, while the U.S. ranks among the most expensive countries globally, Costa Rica offers a more affordable middle ground, though it remains one of the pricier options in Latin America. Major savings are found in housing; a one-bedroom apartment in a central area like Escazú might cost around $1,100, whereas a comparable unit in a major U.S. city like New York or San Francisco could exceed $4,000. Daily expenses such as restaurant meals (often 50% cheaper) and healthcare also favor Costa Rica. However, not everything is cheaper. Imported goods, electronics, and gasoline are often more expensive in Costa Rica due to high import taxes and transport costs. Furthermore, while the cost of living is lower, local purchasing power is also lower; expats often find their money goes much further if they earn in USD while spending in Colones.